Upstream drilling news

The company's Ruche project has also been deferred until efficient project execution can be assured.

Once the idle period is complete, the rig will be mobilised to South Africa by Total to commence its charter as planned.

A Rystad Energy analysis reveals that stocks in oilfield services companies have collectively lost half their value since the beginning of 2020.

The operation was conducted from an integrated subsea template structure at the Fenja field in the Norwegian North Sea.

The total horizontal oil rig count fell below 270 rigs last week, a 57% decline from the peak of 624 rigs seen in the middle of March 2020.

Well 30/2-5 S will be drilled from the West Hercules drilling facility.

Cuts in the industry's investment budgets will leave only US$60 billion worth of greenfield tenders for contractors to compete for, the lowest in two decades, according to Rystad Energy.

The company has completed completed a second series of development drilling of wells at the Panuco field for a major oilfield services company.

The sale includes effectively all of Gyrodata’s directional drilling personnel, as well as its high-performance drilling motors and measurement while drilling (MWD) tools.

The two jack-up drilling rigs sold are the Dhabi II and the Paragon B152.